There are two things that decide how much you can spend: your spending mode, which sets how much you can spend, and your card spending limit, which sets how much you choose to allow. Both apply at once, and whichever is lower is what you can actually spend.
Spending limits by mode
Your limit depends on the spending mode you have selected.
Cash mode
In this mode you can only spend existing USD funds in your Liquid Bank account.
Your limit equals your available USD balance.
USD+ Savings balances are excluded.
No borrowing is possible in this mode.
For example, a $2,000 USD balance means you can spend up to $2,000.
Credit mode
As you spend, you borrow USD up to a defined borrowing limit.
Your limit equals your Spending Cap, the maximum additional USD you can borrow.
The Spending Cap is calculated from the USD value of your collateral and each asset's Loan-to-Value (LTV) ratio.
Spending reduces your remaining Spending Cap.
Once your LTV limits are reached, further spending is blocked.
For example, a remaining Spending Cap of $5,000 means you can spend up to $5,000.
Important
Spending in Credit mode creates debt. That debt cannot be repaid by selling collateral manually. It can only be repaid with USD in your Liquid Bank account. Collateral is sold automatically only if your LTV thresholds are breached.
Maximum monthly spending limit
Every card comes with a default limit of $100,000 per month, and this applies regardless of which mode you are in.
This limit is now configurable. You can lower it, change how it is measured, and set a different limit on each of your cards.
$100,000 monthly remains the maximum. You can set your limit below it, but not above it.
Setting your own limit
Limits are set per card, so you can keep a high limit on your main card and a tighter one on a card you use for subscriptions, a shared card, or an agent card.
Go to the Cards page.
Select Manage below the card you want to change.
Choose Change spending limit, then Continue.
Pick a limit type, enter an amount, choose a period if it applies, then select Save spending limit.
You can choose between two limit types:
Type | What it does |
Per transaction | Caps each individual purchase. There is no cap on how many purchases you make. |
Period-based | Caps the total spent on the card over a period of time: daily, weekly, monthly, yearly or lifetime. |
Full steps are in How do I set a card PIN and a spending limit?
How the two limits work together
Your card limit sits inside your account level limit. It can only ever bring you below what your mode allows, never above it.
If your card limit is $10,000 monthly but your available balance in Cash mode is $400, you can spend $400.
If your card limit is $1,000 monthly but your Spending Cap in Credit mode is $5,000, you can spend $1,000.
Whichever number is lower is the one that applies.
FAQs
Can I raise my limit above $100,000 a month? No. $100,000 monthly is the maximum and it is not adjustable upwards.
What is my limit if I have never changed it? $100,000 per month, on each card.
Does every card share one limit? No. Each card has its own limit, and changing one card does not affect the others.
Why was my transaction declined when I have funds available? Check the card's own spending limit as well as your balance. A card limit lower than your balance will decline the transaction even when the funds are there.
Does a card limit change my Spending Cap? No. Your Spending Cap is still calculated from your collateral and LTV ratios. A card limit only restricts what that individual card is allowed to spend against it.